Value Investing has been pioneered and is used by the world''s
most famous investors, including Warren Buffett, Ben Graham, John
Templeton, Joel Greenblatt, Bruce Greenwald and many more. It
offers tried and tested techniques to making money out of buying
underpriced shares and securities.
In this important new book, the highly respected and
controversial value investor and behavioural analyst, James Montier
explains how value investing is the only tried and tested method of
delivering sustainable long-term returns. This begs the question
why isn''t everyone a value investor? In part, it is because value
investing requires a different mindset and the methods, approach
and conclusions of value investing are very different from those
taught in business schools and finance courses. In this book James
shares his tried and tested techniques and provides the latest and
most cutting edge tools and techniques you will need to deploy the
value approach successfully.
James shows you why everything you learnt at business school is
wrong; how to think properly about valuation and risk; how to avoid
the dangers of growth investing; how to be a contrarian; how to
short stocks; how to avoid value traps; how to hedge ignorance
using cheap insurance. Crucially he also gives real time examples
of the principles outlined in the context of the last 18
months.
James Montier is a member of GMO''s asset allocation team.
Prior to that he was global strategist for Societe Generale and
Dresdner Kleinwort. He has been the top rated strategist in the
annual extel survey for most of the last decade. He is also the
author of three other books - Behavioural Finance 2000, Wiley,
Behavioural Investing 2007, Wiley and The Little Book of
Behavioral Investing Forthcoming, Wiley. James is a regular
speaker at both academic and practitioner conferences, and is
regarded as the leading authority on applying behavioural finance
to investment. He is a visiting fellow at the University of Durham
and a fellow of the Royal Society of Arts. He has been described as
a maverick, an iconoclast, an enfant terrible by the press.
詹姆斯·蒙蒂,GMO资产管理团队成员之一。此前,他曾担任法国兴业银行及德累斯顿银行全球策略师。他曾出版过三本轰动业界的畅销书:《行为金融学》(BEHAVIOURALFINANCE,2000)、《行为投资学》(BEHAVIOURALINVESTING,2007)以及《行为投资小册子》(THELTTLE
BOOK OF
BEHAVIOURALINvEsTING,2010)。詹姆斯始终是各种学术及实务操作会议上的焦点人物,他是把行为金融学运用到投资领域的鼻祖,更是毋庸置疑的权威研究家和实务操作大师。目前,他是杜伦大学(THE
UNIVERSITY OFDURHAM)访问学者及皇家艺术学会(THEROYAL SOCOEY OFARTS)会员。